Plan Ledger DOL Form 5500 · updated monthly

Foss Swim School, LLC401(k)

FOSS SWIM SCHOOL, LLC 401(K) PLAN · EDEN PRAIRIE, MN · plan year 2024

Reported admin expense ratio · 2024
0.71%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Foss Swim School, LLC reported $53,436 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $302 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.66% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Minnesota (1,394th of 1,918), and 750th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 833 to 1,040 since 2022.

Plan summary
Net assets, end of year$8,311,836
Participants with balances204
Active participants1,040
Employer contributions$314,126
Employee contributions$630,426
Employer contribution per active participant$302
Average account balance$40,744
Benefits paid to participants$540,851
Plan auditUnmodified (clean) audit opinion
AuditorELLINGSON & ELLINGSON, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 204 accts · $314K emplr
2023$6.7M · 163 accts · $235K emplr
2022$5.2M · 132 accts · $225K emplr
The Foss Swim School, LLC 401(k) match · 2024
Employer contribution per active participant$302
Median for plans this size$1,313
2024$302 per active participant
2023$255 per active participant
2022$271 per active participant

Foss Swim School, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,126
VALMARK ADVISERS, INC. · Investment advisory (participants)$31,071

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,436 · 0.71%
2023$43,817 · 0.74%
2022$35,807 · 0.66%
Same employer
Similar plansArts, Entertainment & Recreation · Minnesota
King Show Games, Inc. MN$7.0M · 0.01%
Snap Fitness, Inc. MN$6.2M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272224351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.